[PBBANK] General on 29-Jun-2020

Stock
[PBBANK]: PUBLIC BANK BHD
Announcement Date
28-May-2020
Type
General
Date & Time
29-Jun-2020 11:00
Depositor Date
22-Jun-2020
Venue
Broadcast Venue at 29th Floor, Menara Public Bank, 146 Jalan Ampang 50450 Kuala Lumpur
Description
Notice of 54th Annual General Meeting (AGM): The 54th AGM of Public Bank will be conducted on a virtual basis through live streaming and online remote voting via Remote Participation and Voting facilities which are available at https://tiih.online
PBB 54th AGM - Notice of AGM - Admin Details - Form of Proxy.pdf
Outcome

Public Bank (PBB) wishes to announce that all the 7 ordinary resolutions as set out in the Notice of 54th Annual General Meeting (AGM) dated 29 May 2020 were duly passed by the shareholders at the PBB 54th AGM held virtually today, Monday, 29 June 2020.

All the resolutions were voted by poll via Remote Participation and Voting facilities and the results of the poll were validated by Messrs. Deloitte Risk Advisory Sdn Bhd, the Independent Scrutineers appointed by PBB. Please refer to the attachment.

This announcement is dated 29 June 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Ms Tham Chai Fhong who retires pursuant to Clause 105 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,797 61
No. of Shares 2,800,017,805 1,656,318
% of Voted Shares 99.9410 0.0590
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Tan Sri Dato' Sri Dr. Teh Hong Piow who retires by rotation pursuant to Clause 107 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,790 73
No. of Shares 2,761,153,608 15,810,599
% of Voted Shares 99.4310 0.5690
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr Tang Wing Chew who retires by rotation pursuant to Clause 107 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,680 166
No. of Shares 2,727,694,916 71,339,273
% of Voted Shares 97.4510 2.5490
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Ms Cheah Kim Ling who retires by rotation pursuant to Clause 107 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,781 61
No. of Shares 2,613,177,811 1,656,318
% of Voted Shares 99.9370 0.0630
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of Directors' fees, Board Committees Members' fees, and allowances to Directors amounting to RM5,281,442 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,759 90
No. of Shares 2,770,282,941 3,154,050
% of Voted Shares 99.8860 0.1140
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the payment of remuneration and benefits-in-kind (excluding Director's fee and Board meeting allowance) amounting to RM20,000,000 for financial year ended 31 December 2019 to the Chairman Emeritus, Director and Adviser, Tan Sri Dato' Sri Dr. Teh Hong Piow.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,023 804
No. of Shares 2,102,013,991 672,186,291
% of Voted Shares 75.7700 24.2300
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint Messrs Ernst & Young PLT as Auditors of the Company for the financial year ending 31 December 2020 and to authorise the Directors to fix the Auditors' remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1,779 73
No. of Shares 2,792,844,441 6,381,417
% of Voted Shares 99.7720 0.2280
Result Accepted

Remark
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